Remodeled Duplex with Fenced
For Sale
$249,500
706 Topeka Ave, Pueblo, CO 81006
Residential Income, Pueblo, CO
Property Size2,496 SF
Lot Size0.14 Acres
Price / SF$99.96
Days on Market134
Property Features for 706 Topeka Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Parking
1
Parking features
Garage - Attached
Interior features
New Paint
Fireplace
1
Basement
Unfinished
Appliances
Refrigerator-All, Electric Range-All
Subdivision
Central High School
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1406301042
Size
2,496 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 132 + 133 FRANCES SUB
Tax Annual Amount
1489
Legal Description
LOTS 132 + 133 FRANCES SUB
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
private fenced yards
Building Details
Year built
1928
Number of units
2
Flooring type
New floor coverings
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Buy Smart Colorado
(719) 310-8464
Listed By:
Caleb Skelton
(719) 216-4057
Added: Jun 18
Changed: Oct 23
Last Checked: Oct 29 at 9:06AM
MLS# 240608
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex at 706 Topeka Ave includes a primary single-family residence and a detached cottage, with both units occupied by long-term tenants. The property was remodeled in 2024 and includes new paint, new floor coverings, electric baseboard heat, refrigerators, and electric ranges. The larger residence has an unfinished basement and a fireplace, while each unit has a private fenced yard. The property is configured on 0.14 acres with 2496 square feet of building area.
Zoned R-4, the property has public water and public sewer. The rear cottage is reached from the alley, creating a separate access point from the main residence. The frame construction, composition roof, ranch-style design, and 1928 construction date further define the asset.
Zoned R-4, the property has public water and public sewer. The rear cottage is reached from the alley, creating a separate access point from the main residence. The frame construction, composition roof, ranch-style design, and 1928 construction date further define the asset.
Key Highlights
- Two‑unit property with a primary home and detached cottage
- Remodeled in 2024 with new paint and new floor coverings
- 2496 square feet on 0.14 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,431
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,620
$408.6K
Cap Rate 7%
$291,871
$291.9K
Cap Rate 9%
$227,011
$227.0K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$30.3K $12.12/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$29.2K $11.69/SF
− OpEx
−$8.8K −$3.51/SF
NOI
$20.4K $8.19/SF
Area
Pueblo, CO
Vacancy
3.52%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,620
Cap Rate 7%
$291,871
Cap Rate 9%
$227,011
Alternative Uses
Best Use
Multifamily LT 5
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,402 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$520.1K
$455.1K – $606.8K
NOI $36,408 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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Business Placement
Demographics for 81006, CO
11,653
Population
4,795
Households
2.4
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
112.4 sq mi
ZIP Area
104
Density / Sq Mi
$68,915
Median Household Income
$46,750
Median Earnings
$1,176
Median Rent
$317,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units include a main home, detached cottage, and separate fenced outdoor areas.
Where is this duplex located?
The property is located at 706 Topeka Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Two‑unit property with a primary home and detached cottage; Remodeled in 2024 with new paint and new floor coverings; 2496 square feet on 0.14 acres
